(Bloomberg) -- Copper declined in London, snapping
two days of gains, as inventory and import data from China, the
largest user of the metal, indicated rising supply and slowing
demand growth. Nickel, zinc and other industrial metals dropped.
China's imports of copper and copper alloy fell 32 percent
in May from the previous month to 129,949 metric tons, the
Beijing-based customs office said today. That's the largest
decline since October 2005. Deliverable stockpiles monitored by
the Shanghai Futures Exchange jumped 6.4 percent this week to a
three-year high, the exchange said.
Read more at Bloomberg Commodities News
two days of gains, as inventory and import data from China, the
largest user of the metal, indicated rising supply and slowing
demand growth. Nickel, zinc and other industrial metals dropped.
China's imports of copper and copper alloy fell 32 percent
in May from the previous month to 129,949 metric tons, the
Beijing-based customs office said today. That's the largest
decline since October 2005. Deliverable stockpiles monitored by
the Shanghai Futures Exchange jumped 6.4 percent this week to a
three-year high, the exchange said.
Read more at Bloomberg Commodities News
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